The operation teams of capital markets face many hurdles in post-trade lifecycle, such as errors in booking, delays in trade settlements and inaccurate regulatory reports. Artificial intelligence and machine learning (AI/ML) technologies like Intelligent Document Processing (IDP), which automate data extraction from documents, can be of great assistance in overcoming these obstacles. This offers potential…
In an attempt to optimize financial processes and bring cost efficiency, modern-day businesses are exploring ways to improve areas like accounts payable. The process, which includes steps like receiving and scanning invoices, data extraction, validation, approval, and archival, has its own set of challenges, particularly in data extraction. Traditional methods of data extraction involving human…